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What’s UP with Real Estate?

What's the current scoop on ranch property? These experts of their areas share insight.

Horsetrader Sales Staff - July 2nd, 2015 - Feature Article, Special Section

Connie Amelang
Alam Realty
Inland Empire and High Desert

We are in a “healthy” real estate market where the prices are trending upward steadily but not at a high rate. We are expecting single digit appreciation in California for 2015 and that is fine. Over-inflation causes problems of its own. Buyers are buying, and with the help of their agent, are doing their research on prices of the properties they are viewing. If a property is priced right (in line with comparables), the sellers are many times getting full price offers. If the property is over-priced we are seeing few showings and few, if any, offers. CalBRE #00896631

Barbara Bowers, Broker
Barbara Bowers Realty Group
La Cresta/Tenaja

The La Cresta/Tenaja market is active with 27 sales ranging from $435,000 to $1.95mil the last 6 months. We currently have 11 in escrow from $699k to $3.1mil. Our unique climate in the foothills and close proximity to San Juan Capistrano provide the perfect riding conditions with an 8,300 acre preserve to the East and Forest to the West. We have simple weekend gentleman ranches, exquisite estates setup for hunter/jumpers and professional boarding and training facilities. We are close to Galway Downs, Del Mar Horse Park & Polo Grounds as well as San Luis Rey. Our current inventory ranges from $633k to $4.5 mil. I have lived, worked and ridden the trails up here for the last 16 years and know it well. I would love to find your next equestrian property. CalBRE #01344733

Marcie Campbell
Century 21 Gold
Norco and Inland Empire

It couldn’t be a better time in the Real Estate market! Housing prices are up, interest rates are extremely low, inventory is climbing, and houses that are priced right are moving quick! If you’re thinking of selling, I know what it takes! If you want to purchase property, I will work with you to find exactly what you’re looking for! I have over 30 years of equestrian experience, giving me the skills necessary to sell your horse property or help you find the perfect horse property to fit all of your needs. 2015 is definitely the year to buy or sell! For all of your real estate needs, give me a call! CalBRE #01152980

Donna Chudzicki , Broker/Owner
Century 21 Gold
Norco & Inland Empire

I have been a real estate professional in the Inland Empire with over 27 years of experience selling equestrian properties. The summer home-buying on equestrian properties has increased from last summer to this summer. The typical day on the market for Equestrian properties is 45 to 60 days depending on supply, the location, and the list price. Interest rates have increased which is typical for the summer months. With the rates still in the single digits, this can inspire buyers to purchase now. Home prices have increased making listing their home attractive to sellers. Each office independently owned and operated. CalBRE #01017739

Nora Davis
The Davis Group/ Coldwell Banker Previews Int’l.
Ojai Valley

Ojai is just 90 minutes from Los Angeles but offers country living unlike anything found elsewhere in Southern California. Our small-town charm and wide variety of horse properties draw folks from the Los Angeles and Orange County areas (as well as across the country) who are looking for primary residences or second homes. Offerings in and around the Ojai Valley include small gentleman’s farms, professional training and boarding stables, expansive ranches with hundreds of acres of land, and luxury homes with horse facilities. The real estate market in the Ojai area is strengthening, which means prices on horse properties and ranches are on the rise. Folks who are interested in making the valley their home and enjoying the coveted Ojai lifestyle should definitely begin their search now so that they can find their next dream home before home prices increase even more. CalBRE #01046067

Ron Davis
Cascade Sotheby’s International Realty
Central Oregon

Bend and Central Oregon is home to a large number of horses and horse properties and nearly every horse discipline is represented.  With over 300 days of sunshine, limited rainfall and millions of acres of government land, the area provides a great place to raise and enjoy horses.  There are a lot of equestrian properties in the area and we generally have a good selection of properties for sale year around. They vary from small hobby farms to large, very high-quality commercial facilities. The market for these properties  has seen considerable improvement over the previous year.  13 equestrian properties over 10 acres in size, sold in 2014 with prices from $260,000 to $1,700,000.  Average was $835,000.  An equal number have sold in the first half of 2015 with the lowest price at $346,000 and the highest at $1,092,500.  Average was $708,000.

Alicia DiGrazia
RE/MAX Parkside
Paso Robles/ No. San Luis Obispo Co.

In Northern San Luis Obispo County we are seeing a limited supply of equestrian properties available on the market under $500,000. Properties that are priced correctly are selling relatively quickly. Properties in the lower price ranges (under $450,000) on acreage are selling in a matter of days when the properties are neat and clean. The middle price range ($500,000-$800,000) are taking longer to sell, but still selling within 100 days on market. The higher end market is still selling, but at a slower rate. Everyone’s needs are different; please feel free to email/call me.  If you are thinking about buying or selling I am happy to help!  CalBRE #01427039 

Nona Green
Green Properties/ Coldwell Banker
West Los Angeles and Ventura Counties

The economy seems back on track, and housing has surpassed peak pre-recession values in some areas.  Regarding the state of the horse property market in West Los Angeles County, I’ve observed a few interesting trends. Housing developers have resumed the fight with conservationists, and the developers are winning.  A couple of proven wildlife corridors in Calabasas and Agoura are slated to be housing tracts supported by those city’s respective planning commissions. As densities increase and trails decrease, many horse people will leave for greener pastures. Unless bound to an office in the city, many are emigrating to where acreage optimal for horse keeping is less expensive. There is still a vibrant equestrian community in West Los Angeles County. CalBRE #00692351

Lisa Kay and Associates
Norco and Inland Empire
Century 21 Olde Tyme

Norco is a very quaint community and one of the best towns I have personally ever lived in! This unique little town has become one of the most desired equestrian areas giving it the name “Horse Town USA!” The spring to late summer in Norco make for the best time to sell a home but I have seen a bit of a struggle in some of the higher end listings selling quickly which is really just a normal market! When the market was really booming, we all became spoiled when homes sold in a day or two with multiple offers so now we are looking at the normal 60-90 days on the market to sometimes even longer unless the home has all the bells and whistles or is in that affordable lower price range!  CalBRE #01176774

Meredith McKenzie 
Podley Properties
Altadena & Los Angeles Foothills

LA’s Best Kept Secret for Horse Lovers. The semi-rural community of Altadena, California, nestled in the foothills between Pasadena and the Angeles National Forest, has long been a center of equestrian life with its easy access to miles of riding trails within the Arroyo Seco watershed. Despite surrounding urbanization, Altadena is still home to almost 200 horses kept in local stables like the Altadena Stables (the former Kellogg Ranch), Zorthian Ranch, and Williams Ranch as well as numerous ranchitos with backyard barns. The Loma Alta Public Equestrian Center is one of only ten such facilities within Los Angeles County, with regular maintenance of its footings and an adjacent staging area for trail head access. CalBRE #01142186

Donna Morgan
Keller Williams Realty
Aubrey, TX

Texas is considered the fastest growing state in the U.S. and real estate in Texas is booming. We have a thousand people moving in daily. Texas is very friendly to new comers and offers very affordable housing and acreage. Many large corporations are moving their headquarters to Texas and offering great employment opportunities. Our weather is mild; hot and breezy in the summer with moderate winters. The large state of Texas offers the ocean, rivers, manmade lakes, state parks and many other recreational facilities. Texas is the perfect location for horsemen, trainers, hobby horse enthusiasts, and cattle ranchers. There are numerous World Champion Trainers in every discipline in the area and many top notch veterinarian care facilities. Like the famous saying, “I wasn’t born in Texas, I just got here as fast as I could”, once you visit, you will never want to leave! ‘

Monica Perkal & Katherine Berlyn
Coldwell Banker Malibu Colony
Malibu and Topanga
310-429-2255, 310-880-8977

The Malibu & Topanga horse property market consists of 36 Active properties, 12 Sold in last 6 months, and 2 under contract.  Malibu had a record equestrian property sell for $23,000,000 in September of 2014 which offered a 5B/12B ocean view estate near Zuma Beach with 8 stall stable & dressage arena.  Topanga’s Mill Creek Equestrian Center sold for $3,650,000 at the end of 2014 offering 28 acres, 60 stalls, 4 arenas and more.  An equestrian home in Malibu would currently start at $1,795,000, which would get you a 10 acre ranch with ocean views and horse facilities.  In the last 12 months, the lowest selling equestrian home in Topanga sold for $998,000.  If you are looking in the Malibu & Topanga areas for a horse property contact Monica & Katherine with 23 years of combined experience. CalBRE #01366039 and #01439431.

Michele Steeber, Michele Steeber Group
Keller Williams Realty 
Norco and Inland Empire

As a long time Realtor, I have seen the market go through a lot of changes.  Whether the interest rates are in the double digit, or we are in a recession, real estate is still the best investment and security your money can buy for you and your family.  Today, the interest rates are at a historical low and the resale and new home inventory are not keeping up with demand. Many areas are seeing booming prices.  Norco is still a great value for what you get. Norco prides them with the animal keeping way of life; great place to raise a family and have animals of all kinds right in your backyard.   If you are looking to purchase your first home, buy or sell your move up home or that large ranch, call me today.  One of our team members can help. CalBRE #01031312

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